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00:02Energy Secretary Chris Wright said gas prices may not fall below $3 per gallon until next year
00:08as the U.S. war with Iran and the closure of the Strait of Hormuz disrupt energy markets,
00:13according to CNBC. He said prices may return to pre-war levels later this year or next year,
00:19and added that prices have likely peaked. Gas prices have risen since the U.S.-Iran war began
00:24as Iran restricted the Strait of Hormuz, a key route that carries about one-fifth of the world
00:29oil. Prices averaged $2.90 per gallon on February 1st and rose to about $4.04 after the war began
00:37on February 28th, according to AAA. Talks are set for Monday in Islamabad.
00:43Iran fired on two tankers over the weekend, raising doubts about a lasting ceasefire.
00:48For all things money, visit Benzinga.com.
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